. because of taxes. >> these tax and estate experts are all talking about a provision of a fiscal cliff next year if congress does not act the tax increases from 35% to 55%, and the amount you can give tax free to children will drop from $10 million this year to $2 million next year. talking about a significant tax hike. >> the tax attorney says if couples don't take advantage, heirs will pay, dearly. >> so your so million estate is now worth? >> six, roughly. >> so families with more than a couple million are rushing to gift their children before year'slw'"Ñ end. >> our business is up 30% to 40% now. >> the managing directorb> of mfv. >> we've seen a lot of anxiety. a lot of angst to try to move well for the next generation. >> everyone says it's big. >> it could be big enough to have a t behind the number, as >> back at the day care center where money is tight, door he lowers says $10 million exemption should be qlor but estate tax seems high, even to her. >> people also made that money. and... that they're entitled to half of the money. >> as congress debates what the right rate and exe

's working because she may be facing a spike in taxes in the new year. the so called fiscal cliff. about half of the small businesses pay taxes at a 35% rate. so without a tax deal, rates could spike to 42% n addition she is postponing orders for bring merchandise. >> we've had to small a bunch of stouf make sure it's going to be okay for next season. >> did that hurt you?. >> absolutely. bigger stores able to carry out the lines you know they get them earlier than we do. we follow them out so, long. >> small business owners worried whether they'll northbound business next year. this is one of them. >> you don't want to lose it all after 30 years in business. that would be a terrible thing. there is a lot of small business owners are single. >> small business owners feeling the squeeze of deep discounting by large national chains that set up shop on main streets once domain on small business. >> everyone talking about black friday and about 50, 60% of. you can't compete. >> i cannot do that. people want to stay away from malls. they don't want any part of it. that is what saved me. >> wlak fr

and the president are no closer to a deal to avoid masigs, tax increases in spending cuts that so called fiscal cliff. the senate top rbi republican says the president is back on the trail instead of sitting down with lawmakers to negotiate a settlement. the president met with small business owners to built support for the aproich. tomorrow, meeting with middle class families. the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd block the nomination. they say they need more information and have more questions about the incident in benghazi. >> we're coming up on december to 1. that is the day mayans said the world would end. one scientist has been answering countless let

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